Wed 07/21/2021 06:47 AM
Share this article:
UPDATE 3: 6:47 a.m. ET 7/21/2021: State-owned Life Insurance Corporation of India (LIC), which was auctioning a portfolio of 16 NPLs aggregating INR 80.91 billion ($1.08 billion), has cancelled that auction due to lower than expected bid prices, according to three sources with knowledge.

LIC is now planning to solicit bids for individual NPLs, which are to be sent in by 2 p.m. IST on July 26, two of the sources said. The bids will be opened at 3 p.m. IST on the same day, according
Share this article:
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2021 Reorg Research, Inc. All rights reserved.
Thank you for signing up
for Reorg on the Record!